Republic Airways Obtains Support Under the Payroll Support Program
05.21.20
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The Firm recently advised Republic Airways Holdings Inc. in connection with obtaining support under the Payroll Support Program pursuant to The Coronavirus Aid, Relief, and Economic Security Act. Republic Airways received a grant and loan in an aggregate amount of $206 million. In connection with receiving the support, Republic Airways issued a warrant to purchase its common stock to the U.S. Department of the Treasury. Republic Airways is one of the largest regional airlines in the United States.
The Simpson Thacher team included Joshua Ford Bonnie, Jonathan Pacheco and Claire DiMario (Capital Markets–D.C.); Jonathan Ozner (Capital Markets–NY); and Keith Noreika and Adam Cohen (Bank Regulatory).